Regina Regional Economic Profile: The Regina Advantage
August 2015
Table of Contents This Regina Regional Economic Profile outlines the key economic indicators about the city of Regina, our region, and the province of Saskatchewan as an attractive destination for investment. It also reveals a region with a high quality of life, full of venues and attractions for business and recreational tourists. Community Profile . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 The Regina Advantage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Location. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Regional Collaboration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Regina CMA Key Economic Indicators . . . . . . . . . . . . . . . . . . 17 Corporate Tax Rates and Incentives . . . . . . . . . . . . . . . . . . . . 21 Regina Municipal Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Regina CMA Demographics. . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Availability of Skilled Labour. . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Top Employers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Education, Training, and Research. . . . . . . . . . . . . . . . . . . . . . 31 Utilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 Advanced ICT Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
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Community Profile City Vision
“Regina will be Canada’s most vibrant, inclusive, attractive, sustainable community, where people live in harmony and thrive in opportunity.” - Design Regina
The City of Regina adopted its Official Community Plan, Design Regina, in 2013 providing a vision for growth that will see the city grow to a projected population of 300,000 by 2041. In order to support a solid foundation for this plan, the city also decided upon a set of community priorities, which give direction to the goals of the plan and the policies that will lead to their achievement:
• Support the availability of diverse housing options • Create better, more active ways of getting around • Promote conservation, stewardship and environmental sustainability • Achieve long-term financial viability • Foster economic prosperity • Optimize regional cooperation
• Develop complete neighbourhoods • Embrace built heritage, and invest in arts, culture, sport, and recreation reginaroc.com
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Community Profile Introduction
The Regina region is one of the fastest growing in Canada, as new residents attracted by economic, environmental, social, and cultural opportunities move into the area. The GDP of the Regina CMA is forecast to reach 14.48 billion dollars in 2015.
Regina is home to several large postsecondary educational institutions, including the University of Regina, Saskatchewan Polytechnic, and the First Nations University, the only aboriginal degree-granting university in North America.
Long term projections for the regional economy are unanaimous: Regina and area will experience consistent growth of population and gross domestic product in the years ahead.
There is a large and stable pool of labour, not only from within the city boundaries, but also the surrounding area with workers commuting from as far as 45 minutes away, while living in the numerous small communities in the area. The city of Moose Jaw, with a population of 40,000 people is just 40 minutes west of Regina.
The economy of Regina is closely aligned with the agriculture, oil & gas, and mining sectors that drive the Saskatchewan economy. The city has historical relationships with companies in those sectors, and enjoys geographic closeness to important resource assets like potash mines and oil fields. There is also a large service sector in Regina including banking and insurance companies, wholesale suppliers and significant transportation and logistics resources including the Global Transportation Hub, the only selfgoverning multimodal inland terminal in the Canadian prairies. 2
A strong spirit of collaboration exists between government jurisdictions and business organizations in Regina and region. The city of Regina and its nearby small urban centres and rural municipalities are ready and willing to work together, and to coordinate and cooperate with the provincial government, to assist the process of development and growth in the area. The Regina Region is investment-ready and planning for the future. reginaroc.com
Community Profile About RROC Regina Regional Opportunities Commission (RROC) is the lead economic development agency for the City of Regina and region. RROC provides leadership to the community with specific accountability for the following core functions: •
Support industry growth and diversification through retention, development and attraction of industry and tourism.
•
Find innovative ways to promote sustainable growth while effectively addressing the challenges of associated with it.
• Market and promote the Regina region for business and tourism. •
Ensure the Regina region offers a vibrant and diversified economy for investors, is a positive destination experience for visitors and offers a high quality of life for residents
RROC’s Investment Attraction Office provides free, confidential, and customized advice to companies and investors. We are an “investment concierge”, offering business intelligence, path-finding to local resources, and introductions to government agencies as required. RROC provides direct support to entrepreneurs through its Square One business resource office, and delivers services to immigrant investors under the Saskatchewan Immigrant Nominee Program.
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Regina’s economy is driven by a number of large sectors including agriculture, mining, oil & gas, manufacturing, construction, transportation & warehousing, and the various companies involved in banking, insurance and finance. It also includes significant employment in public administration, health care, and education. Research indicates that expansion of existing companies and start-ups are responsible for 99% of the new jobs created in most local economies. In order to maximize the impact of its work, RROC is pursuing a sector development strategy, which currently focuses resources on the growth and development of these key industry sectors: • Fabricated metal manufacturing • Machinery manufacturing • Tourism • Food processing • Events, conventions and tradeshows RROC also operates Tourism Regina, the official destination marketing organization representing Regina and region. It works in collaboration with the Regina region’s tourism sector and industry partners to promote and enhance Regina as a destination experience.
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The Regina Advantage
We blend “country life” benefits like clean air, open spaces, and closeness to nature, with “city life” amenities in areas such as education, health care, culture and entertainment, recreation, and shopping.
Regina and region offer an
outstanding quality of life.
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The Regina Advantage
REGINA
21%
CALGARY
Average house price. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $465,047 Provincial taxes and health premiums. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ?? Utilities & auto insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,434 Mortgage & property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,092 Total Household costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,871 Median family income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98,300 Household costs as a % of median family income . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24%
24%
WINNIPEG
Average house price. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $270,605 Provincial taxes and health premiums. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,573 Utilities & auto insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,828 Mortgage & property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,084 Total Household costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,485 Median family income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75,880 Household costs as a % of median family income . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28%
28%
HALIFAX
Average house price. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $264,447 Provincial taxes and health premiums. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,811 Utilities & auto insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,608 Mortgage & property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,112 Total Household costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,531 Median family income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,490 Household costs as a % of median family income . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32%
32%
MONTREAL
Average house price. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $344,273 Provincial taxes and health premiums. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,067 Utilities & auto insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,868 Mortgage & property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,522 Total Household costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,457 Median family income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71,390 Household costs as a % of median family income . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33%
33%
TORONTO
1 2 3 4 5 6 7
Average house price. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $331,161 Provincial taxes and health premiums. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,874 Utilities & auto insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,297 Mortgage & property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,413 Total Household costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,584 Median family income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 91,200 Household costs as a % of median family income . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21%
Average house price. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $587,505 Provincial taxes and health premiums. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,974 Utilities & auto insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,651 Mortgage & property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,168 Total Household costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33,793 Median family income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71,210 Household costs as a % of median family income . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47%
47%
VANCOUVER
High Incomes + Low Living Costs = Spending Power
Average house price. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $819,336 Provincial taxes and health premiums. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,425 Utilities & auto insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,558 Mortgage & property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,177 Total Household costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38,160 Median family income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71,140 Household costs as a % of median family income . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54%
54%
Sources: Government of Saskatchewan, Statistics Canada, Real estate associations, RROC.
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The Regina Advantage Advantage: Greenspace Regina is the proud home of Wascana Centre, a 2,300 acre greenspace that cuts through the middle of our city and is one of the largest urban parks in North America. The park includes walking and biking trails, a lake and creek, natural habitat for birds and fish, and an excellent venue for non-powered boating. Wascana Centre hosts over 2,000 outdoor community events each year.
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The Regina Advantage Advantage: Lively Arts Regina has its own symphony orchestra, professional theatre company, music conservatory, community theatre company, Folk festival, Country festival, Blues festival, African festival, and Caribbean festival. Regina hosts concerts and performances by artists of national and international status, at its world class soft-seat theatre and hockey rink venue, as well as its 33,000 seat outdoor stadium. Performers have included: Sir Paul McCartney, The Rolling Stones, Blake Shelton, AC/ DC, Erica Badhu, John Mellencamp, B.B. King, Moscow Ballet, Cirque du Soleil and the Three Tenors.
Advantage: Educational Opportunity Students in Regina access Kindergarten to Grade 12 in our Public and Catholic School systems, French immersion schools, as well publicly-funded Christian, Huda, and Montessori schools, and a private residential high school. Graduates can then choose a degree at the University of Regina, and its affiliated college the First Nations University of Canada, or career skills training at Sask Polytechnic and a variety of trade-specific training facilities.
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The Regina Advantage Advantage: Sports and Recreation Regina offers an incredible variety of options for recreation and entertainment, through community-based facilities for all kinds of minor and school sports, and the arts. Saskatchewan’s only professional sports team, the Canadian Football League’s Saskatchewan Roughriders, are owned by the community, draw 33,000 fans per game, and boast a rabid following known across Canada as “Rider Nation”. msiruoTksaS ysetruoc sotohP
You can also enjoy Canadian Intercollegiate sports and major junior hockey.
And all kinds of outdoor fun, winter and summer!
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The Regina Advantage Advantage: Health Care The Regina Qu’appelle Health District operates two major hospitals, which between them provide world-class health care in all medical specialties. There is an ample selection of family medical clinics and walk-in facilities spread throughout the community. Free universal medical care, which is available to all Canadians, was first offered in the province of Saskatchewan.
Advantage: Multicultural Canadian society is known as a “mosaic of cultures�, where ethnic roots and traditions are celebrated and welcomed by the entire community. There are vigorous community, cultural, and religious groups representing virtually every country on the planet here.
We come together each June for the three day Mosaic Multicultural Festival, which offers a world tour of food, drink, and entertainment at some 30 festival pavilions scattered across the city.
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Location Regina’s strategic location Regina is the capital of Saskatchewan, located in Western Canada. The population of the Regina Census Metropolitan Area (CMA) is 237,758 with an estimated trade area population of 500,000 people. Land area of the Regina CMA is 3,408.3 square kilometres with a population density of 61.8 people per square kilometre. Thanks to its central location, the Regina region is connected to markets of 5.3 million people within a 800 km radius and 81.3 million people within a 2,000 km radius.
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Location Regina census metropolitan area (CMA)
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Location Driving distance/flying time to major centres City
Distance Miles
Distance Kms
Driving Time
Flight Time
Saskatoon
161
259
2 hours, 37 min.
45 minutes
Winnipeg
355
571
6 hours, 15 min.
1 hour, 5 min.
Calgary
471
758
7 hours, 23 min.
1 hour, 27 min.
Edmonton
486
782
7 hours, 47 min.
1 hour, 48 min.
Minneapolis
743
1196
14 hours, 52 min.
1 hour, 56 min.
Denver
890
1432
14 hours, 52 min.
2 hours, 16 min.
Vancouver
1073
1727
18 hours, 53 min.
2 hours, 23 min.
Chicago
1152
1854
19 hours, 0 min.
4 hours, 46 min.
Phoenix
1580
2543
27 hours, 48 min.
3 hours, 3 min.
Connection to railways and intermodal facilities
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Regional Collaboration Regina International Airport Regina International Airport (YQR) is southern Saskatchewan’s Gateway Airport. YQR links our critical manufacturing, mining, energy, technology and service industries to Canadian and International markets and connects tourists to our great province. Passengers total over 1.26 million annually and many, many more travel in and out of the airport each year. To address this increasing traffic demand YQR has initiated an aggressive capital program to meet the current and future demands of its users and stakeholders. In addition, YQR is investing significantly in the future of southern Saskatchewan with major investments in commercial airside and groundside lease developments. Regina International Airport offers domestic, transborder and international flight services with a continued focus on additional air service connectivity opportunities. YQR is committed to strengthening access to key global markets and understands the economic impact of air service and its’ business significance to Regina and southern Saskatchewan.
yqr.ca
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Regional Collaboration The Regina region is one of the fastest growing in Canada and it will continue to grow as people, attracted by economic, environmental, social and cultural opportunities, move into the area. The Regina economic region extends well beyond the boundaries of the City of Regina. Production networks inextricably link the potash mines, oil fields and agricultural production in rural areas with the services that are found within the city such as: construction companies; research and development labs; marketing, financial and legal firms; transportation and technical services providers. The region is a source of workers who live in, and commute to, places of employment in the surrounding region, as well as workers who live beyond municipal boundaries but work within the city and surrounding communities. To maximize growth opportunities in the region and throughout southern Saskatchewan, stakeholders are working together to create a stable, sustainable and diverse economy.
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Regina CMA Communities City • Regina Towns • White City • Pilot Butte • Lumsden • Balgonie • Regina Beach Villages • Grand Coulee • Pense • Buena Vista • Edenwold • Belle Plaine • Disley Rural municipalities • Edenwold No. 158 • Lumsden No. 189 • Sherwood No. 159 • Pense No. 160 Rural villages • Lumsden Beach
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Regional Collaboration Moose Jaw-Regina Industrial Corridor The Moose Jaw-Regina Industrial Corridor is home to 24% of the province’s population and generates approximately 23% of Saskatchewan’s GDP. The corridor acts as a prime transportation hub featuring major highway and rail links to the east, west, north, and south into the United States.
The corridor is a collaboration of the cities of Moose Jaw and Regina, and the Rural Municipalities of Sherwood, Pense, Belle Plain, and Moose Jaw. For industrial and commercial investors, it provides coordination with utilities, highways department, and the provincial government.
Regina
Moose Jaw
moosejaw-reginacorridor.com
White Butte Regional Planning Committee
whitebutte.wpmu.gp-inc.ca
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The White Butte Regional Planning Committee is a group of smaller municipalities located immediately east of Regina. The City of Regina works with them bring a regional view to infrastructure planning and construction, in order to enhance opportunities for new development and maximize efficiencies between the municipalities. Key areas of focus include: transportation, recreation, education, fire protection, public works, land use, water treatment and waste water management. 15
Regional Collaboration Global Transportation Hub
GTH Tenants Canadian Pacific Railway (CP)
The new intermodal facility is designed to process up to 250,000 container handlings per year or five times more container handlings per year when compared to CP’s former Regina terminal.
Loblaw Group of Companies
Canada’s largest food retailer, anchor tenant with a 1,000,000 square foot warehouse, providing food product distribution to western Canadian stores.
Consolidated Fastfrate
10,000 square foot cross dock facility, co-located with Canadian Pacific’s intermodal rail yard. Fastfrate has a long term partnership with CP Rail and is the largest boxcar shipper of LTL freight in Canada.
The Emterra Group
The Global Transportation Hub is Canada’s only autonomous and self-governing Inland Port Authority. The GTH is a 1,700 acre development area strategically located at the west end of the city of Regina, offering customized greenfield build opportunities and a logistically superior design. The Global Transportation Hub sits adjacent to the Canadian Pacific (CP) railway mainline and between two national highway system routes providing direct access to all major Canadian ports, Gulf coast ports, and mid-western US ports, as well as trucking connections to all major networks including Trans-Canada, Minneapolis, Chicago, and Mexico.
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Emterra is the curbside recycling contractor for the City of Regina. They operate a sorting and packing facility.
Morguard Investments Limited
Provides leased facilities designed for the transportation and distribution sector.
Saskatchewan Liquor and Gaming Authority The provincial liquor agency has established a new 145,000 square foot liquor distribution warehouse.
SaskPower
Saskatchewan’s government power utility is building a Logistics Warehouse Complex consisting of: 221,000 square foot building for nearly 1,100 employees; plus 273,000 square feet of industrial buildings housing shops, warehouses, storage and maintenance areas.
Sterling Truck & Trailer Sales, Hornoi Leasing, and S.H. StorPark Inc.
Sterling Truck & Trailer has been a staple in the Saskatchewan trucking community for over 40 years while Hornoi Leasing Ltd is one of Canada’s largest leasing operations. S.H. StorPark Inc. provides container transportation, handling, storage and repair services.
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Regina CMA Key Economic Indicators Economic forecast 2015-2019 After several years of explosive growth, the economy of Regina will continue to grow at a more modest pace from 2015 to 2019 according to the Conference Board of Canada.
Total Employment to grow by 7,000 jobs Personal Income Per Capita to rise by 7.8% Population to rise by 22,000 to 266,000
Real GDP to continue to grow every year, by an average of
Total housing starts of 9,756 over 5 years
1.8%
Retail sales to increase by 14% to $6.3 billion
Economic Indicators
2012
2013
2014
2015f
2016f
2017f
2018f
2019f
Real GDP at basic prices (2007 $ millions) Percentage change
12,807
13,538
14,209
14,484
14,789
15,025
15,259
15,547
4.8
5.7
5.0
1.9
2.1
1.6
1.6
1.9
Total employment (000s) Percentage change
128 3.3
136 6.2
137 0.4
138 0.6
140 1.5
142 1.5
144 1.3
145 1.2
Unemployment rate (per cent)
4.2
3.8
3.6
4.7
4.2
4.1
4.2
4.2
Personal income per capita ($) Percentage change
45,966 2.3
48,382 5.3
48,920 1.1
49,199 0.6
49,883 1.4
50,917 2.1
51,942 2.0
53,074 2.2
Population (000s) Percentage change
225 3.3
231 2.8
238 2.8
244 2.5
250 2.4
255 2.3
261 2.1
266 1.9
Total housing starts
3,093
3,122
2,223
1,956
2,128
2,038
1,836
1,798
Retail sales ($ millions) Percentage change
4,968 7.1
5,251 5.7
5,574 6.1
5,585 0.2
5,731 2.6
5,946 3.8
6,165 3.7
6,385 3.6
CPI (2002 = 1.0) Percentage change
1.246 1.8
1.267 1.7
1.297 2.3
1.314 1.3
1.342 2.2
1.370 2.0
1.397 2.0
1.426 2.1
f = forcast. Sources: Statistics Canada; CMHC Housing Time Series Database; The Conference Board of Canada.
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Regina CMA Key Economic Indicators Labour force characteristics Workforce 15 years and older, by census metropolitan area 2014 City
Population
Labour force
Employment
Unemployment
Unemployment rate
Participation rate
Thousands
Employment rate
%
Regina
194.1
141.8
136.7
5.2
3.7
73.1
70.4
Halifax
343.9
237.9
223.3
14.6
6.1
69.2
64.9
Montréal
3,324.7
2,199.2
2,019.5
179.7
8.2
66.1
60.7
Ottawa–Gatineau
1,085.3
758.1
707.0
51.0
6.7
69.9
65.1
Toronto
5,023.4
3,357.5
3,087.4
270.1
8.0
66.8
61.5
Winnipeg
643.2
436.3
410.8
25.5
5.8
67.8
63.9
Saskatoon
245.4
176.5
169.1
7.3
4.1
71.9
68.9
Calgary
1,146.8
841.8
799.5
42.3
5.0
73.4
69.7
Edmonton
1,075.2
784.8
744.8
40.0
5.1
73.0
69.3
Vancouver
2,094.3
1,355.6
1,276.3
79.3
5.8
64.7
60.9
300.5
185.0
174.9
10.0
5.4
61.6
58.2
Victoria
Source: Statistics Canada, CANSIM, table 282-0129 and Catalogue no. 71-001-X. Last modified: 2015-05-08.
Regina’s dominant industries, 2014 Class*
Industry
Employees (000s)
4411-4543
Retail trade
15.6
2311-2329
Construction
13.8
6220
Hospitals
8.1
7221-7224
Food services & drinking places
6.9
9120
Provincial government
6.1
6111
Primary & secondary schools
5.5
4111-4191
Wholesale trade
5.4
5211, 5221-5223, 5231-5239
Finance
4.5
5241-5242, 5261-5269
Insurance carriers & related activities
4.3
6211-6219
Ambulatory health care services
4.3
* North American Industrial Classification System. Source: Statistics Canada.
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Regina CMA Key Economic Indicators Real estate New housing market (2014) Single-detached absorptions
1,100
Growth
1.8%
Average price of absorbed single-detached units
$514,165
Growth
4.7%
Resale housing market (2014) Unit Sales
3,726
Growth
0.9%
Average Price
$314,968
Growth
0.8%
Apartment market (October 2014) Two-bedroom vacancy rate
3.0%
Average two-bedroom rent
$1,079
Sources: CMHC Housing Time Series Database, Canadian Real Estate Association.
Building permits
Output of Regina’s construction sector is set to rise 6% in 2015.
$1,000,000
$800,000
$600,000
$400,000
Conference Board of Canada Metropolitan Outlook, Spring 2015
$200,000
$0 2006
2007
Source: City of Regina
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2008
2009
2010
2011
2012
Residential
2013
2014
Commercial
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Regina CMA Key Economic Indicators Real estate Office rental rates
Rentable Area
Class A (sq.ft.)
Class B+ (sq.ft.)
Class B (sq.ft.)
Total (sq.ft.)
1,411,204
796,021
1,962,035
4,169,260
63,861
139,228
256,635
459,724
1,347,343
656,793
1,705,400
3,709,536
4.53%
17.49%
13.08%
11.03%
Vancancy Occupied Space Vacancy Rate
Source: Harvard Real Estate Report, March 2015
Regina office historical vacancy 14.0%
12.50%
13.0%
11.03%
12.0% 11.0%
9.09%
10.0% 9.0% 8.0%
7.16%
7.0%
5.48%
6.0%
5.67% 4.28%
5.0%
4.28% 3.01%
4.0% 3.0%
2.72% 1.95%
2.0%
2.17%
1.63%
1.0% 0.0%
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Source: Harvard Real Estate Report, March 2015
Industrial vacancy Q2 ’14
Q2 ’15
YoY
Vacancy CMA
1.9%
2.9%
/\ 100 bps
Net Rent CMA
$12.00
$12.00
0%
Indicator
Industrial Employment Growth ‘15
-4.1%
Industrial GDP Growth Rate ‘15
2.8%
Real GDP Growth ‘15
1.9%
Source: Colliers International Market Outlook Q2 2015
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Corporate Tax Rates and Incentives Saskatchewan corporate tax incentives • Refundable 15% tax credit for research and development expenditures • 5% refundable investment tax credit on manufacturing and processing equipment • Manufacturing and Processing Exporter tax incentive provides tax credits for expansion of full time employees over 2014 baseline
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Corporate Tax Rates and Incentives Corporate tax rates
Generally, provinces and territories have two rates of income tax–a lower rate and a higher rate. • Lower rate–The lower rate applies to the income eligible for the federal small business deduction. • Higher rate–The higher rate applies to all other income.
Province or territory
Lower rate
Higher rate
Saskatchewan
2.0%
12%
Newfoundland & Labrador
3.0%
14%
Nova Scotia
3.0%
16%
Prince Edward Island
4.5%
16%
New Brunswick
4.0%
12%
Ontario
4.5%
11.5%
nil
12%
Alberta
3.0%
10%
Quebec
8.0%
11.9%
Manitoba
Source: Canada Revenue Agency
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Regina Municipal Taxes Tax exemption policy Supporting the Regina region’s business advantages is a competitive property tax exemption policy. The policy is designed to encourage plans that satisfy one or more of the following criteria: • Create significant new investment in Regina • Identify key businesses in Regina’s economic development plans • Locate the business in the designated City locations to help achieve their growth plan • Implement a new technology with national or global potential • Have a significant research and development focus • Utilize sustainable technologies/practices in construction and/or operations
2014 estimated commercial property taxes per $1000 of assessment $40
$35
$37.12 $34.02
$30
$30.41 $25.00
$25
$28.98
$24.25 $20
$15
$17.62
$18.00
$21.37
$15.91
$10
$5
$ Vancouver
Saskatoon
Edmonton
Regina
Average
Winnipeg
Toronto
Ottawa
Halifax
Montreal
Source: 2014 Property Tax Rate Analysis, Real Property Association of Canada
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Regina CMA Demographics Population The 2014 estimated total population for the Regina CMA is 237,758 people, according to the postcensal report released by Statistics Canada in July 2014.
Population growth compared to national average %2011-2014
9.2
3.5 Regina
National Average
9.2%
population growth 2011 - 2014
Regina is one of the fastest growing cities in Canada. Statistics Canada, Annual Demographic Estimates
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Regina CMA Demographics Population by age groups
TOTAL
MALE
FEMALE
Total
210,560
102,985
107,570
0-19 years
51,040
26,075
24,975
20-29 years
32,670
16,490
16,180
30-39 years
28,895
14,320
14,570
40-49 years
29,250
14,370
14,880
50-59 years
30,035
14,730
15,305
60-69 years
18,660
8,950
9,705
70-79 years
11,390
4,990
6,400
80 + years
8,620
3,070
5,555
Statistics Canada, 2011 Census of Population
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Regina CMA Demographics Population migration Regina’s population growth has largely benefited from international migration and an increase in interprovincial migration. Conference Board of Canada
Canada
International
Conference Board of Canada
Median family income
$91,200
$74,540
Median family income in Regina ranks third among Canada’s major cities. Conference Board of Canada
Regina
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Canada
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Availability of Skilled Labour Experienced labour force All occupations
110,625
Management occupations
10,600
Business, finance, and administrative occupations
24,250
Natural and applied sciences and related occupations
7,245
Health occupations
6,925
Social service, education, government service and religion occupations
10,415
Art, culture, recreation and sport occupations
3,430
Sales and service occupations
27,675
Trades, transport, equipment operators and related occupations
15,380
Occupations unique to primary industry
2,440
Occupations unique to processing, manufacturing and utilities
2,260
Source: Statistics Canada, 2006 Census
Post-secondary educational attainment-Saskatchewan 90,720
383,320
98,820
32,780 33,705
Total post secondary (50%)
University below a bachelor level (4%)
University at bachelor level (12%)
University above bachelor level (4%)
Trades/apprenticeships (13%)
Non-University certificate (17%)
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127,295
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Availability of Skilled Labour Employment growth From 2015-2019 the Conference Board of Canada predicts that the Regina economy will create 7,000 new jobs.
From April 2014 to April 2015, the Regina CMA gained 2,400 jobs, a 2.4% increase. Statistics Canada
Average weekly earnings N.A. Industry Classification System (NAICS)
2012
2013
2014
2012
Saskatchewan
2013
2014
Canada
918.04
945.59
975.36
895.34
911.28
935.31
1,301.13
1,332.90
1,405.91
1,143.38
1,173.65
1.217.78
1,857.26
1,859.87
2,023.73
1,846.36
1,879.33
2,048.30
Utilities (22, 221)
---
---
---
1,641.14
1,652.08
1,777.89
Construction (23)
1,141.96
1,218.91
1,252.54
1,136.64
1,187.73
1,224.44
Manufacturing (31-33)
1,024.09
1,055.64
1,097.23
1,007.73
1,023.52
1,044.18
837.66
859.68
881.66
838.25
851.14
871.01
690.37
729.70
762.32
678.25
684.73
704.89
Transportation & warehousing (48-49)
1,016.82
1,076.73
1,117.80
930.01
969.96
1,004.82
Information & cultural industries (51)
1,086.70
1,051.77
1,132.33
1,121.66
1,136.38
1,168.60
992.72
1,009.43
1,077.60
1,092.40
1.111.93
1.166.92
Real estate, rental & leasing (53)
1,011.95
1,006.26
1,026.00
861.87
868.48
932.36
Professional, scientific & technical (54, 541)
1,188.66
1,211.11
1,220.07
1,244.56
1.274.06
1,308.06
Management of companies & enterprises (55, 551)
1,024.61
1,064.86
1,108.80
1,217.79
1,253.47
1,335.28
Admin & support, waste management & remediation (56)
675.73
738.09
697.81
729.49
749.97
751.87
Education services (61,611)
996.93
891.94
900.21
981.91
988.18
982.77
Health care & social assistance (62)
873.92
891.94
900.21
817.09
833.71
853.82
Arts, entertainment & recreation (71)
512.01
531.71
554.88
543.24
562.61
581.54
Accommodation & food services (72)
372.62
366.16
368.96
368.12
362.38
371.36
Other services (except public admin) (81)
709.72
784.56
770.36
732.98
751.61
755.53
1,086.71
1,100.33
1,155.30
1,152.69
1,177.38
1,201.07
Industrial aggregate excluding unclassified businesses (11-91) Goods producing (11-33) Mining, quarrying, oil & gas extraction (21)
Service producing industries (41-91) Trade (41-45N)
Finance and insurance (52)
Public administration (91)
Source: Statistics Canada, CANSIM: 281-0027
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Availability of Skilled Labour Labour force survey estimates Wages
Average hourly wage rate Average weekly wage rate Median hourly wage rate
Median weekly wage rate
Job permanence
2015 January
February
March
April
May
Total employees
24.96
24.96
25.03
25.17
25.07
Permanent employees
25.63
25.61
25.68
25.82
25.89
Temporary employees
20.11
20.19
20.22
20.47
19.88
Total employees
907.43
908.32
910.45
917.19
917.88
Permanent employees
950.22
950.00
952.24
958.26
963.44
Temporary employees
599.55
603.82
623.57
629.48
Total employees
21.75
21.67
21.79
21.92
21.63
Permanent employees
22.50
22.33
22.45
22.50
22.55
Temporary employees
17.00
17.00
17.00
17.00
16.05
604.60
Total employees
800.00
800.00
800.00
800.25
800.00
Permanent employees
846.00
840.00
840.00
846.30
855.60
Temporary employees
475.00
460.00
477.84
500.10
520.00
Source: Statistics Canada. Table 282-0073.
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Top Employers 2015 top 10 private sector employers in Regina Rank
Business Name
Business type
# of Employees
1
The Mosaic Company
potash, borate, and soda mining
2,397
2
Brandt Group of Companies
industrial equipment manufacturing
1,800
3
Evraz Inc.
steel plant
1,500
4
Conexus Credit Union
personal banking
925
5
Co-op Heavy Oil Upgrader
oil refinery
900
6
ISM Canada
IT services
873
7
Thyssen Mining Construction of Canada
mining technology
800
8
Co-operators Life Insurance
insurance brokerage
750
9
Loblaws - Global Transportation Hub
storage and logistics
700
10
Staples Call Centre Inc.
call centre
400
2015 top 10 public sector employers in Regina Rank Business Name
30
Business type
# of Employees
1
Saskatchewan Public Service
provincial government
10,590
2
Regina Qu’Appelle Health District
health care
9,700
3
Sask Power Corp.
electrical utility
3,210
4
SaskTel
telecommunications
3,196
5
City of Regina
municipal
2,700
6
Regina Public School Board
education
2,045
7
Saskatchewan Government Insurance
insurance brokerage
1,831
8
University of Regina
education
1,373
9
Innovation Place Research Park
30 research & development tenants
1,200
10
Sask Energy Inc.
natural gas distribution
1,018
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Education, Training, and Research University of Regina The University is home to 10 faculties and 25 academic departments which have established reputations for excellence and innovative programs leading to bachelor’s, master’s, and doctoral degrees. In the Fall 2014, a total of 13,902 full-time and part-time undergraduate and graduate students enrolled at the University, including our three federated colleges: Campion College, First Nations University of Canada, and Luther College. The University offers specialized programs in a number of areas including journalism, social work, media production and studies, actuarial science, petroleum engineering, fine arts, software systems, education, police studies, health studies, public policy,
business administration, and many others. The undergraduate Petroleum Systems Engineering Program is one of the largest in North America. The U of R was the first university in Western Canada to offer a cooperative education program, meaning graduates leave the campus prepared to succeed in the world. The Cooperative Education & Internships Program is available in arts, business administration, engineering and science (computer science, physics, chemistry and biochemistry, and mathematics and statistics including actuarial science internships).
uregina.ca
The University of Regina’s main campus and historic original College Avenue campus, covering 930 acres, provide an attractive study and work environment for students, faculty and staff.
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Education, Training, and Research First Nations University of Canada needs of First Nations’ students. In 2003, the Saskatchewan Indian Federated College officially changed its name to the First Nations University of Canada (FNUniv). The FNUniv now maintains an average annual enrolment of over 3000. It offers academic programs in a wide variety of disciplines, from Business and Public Administration to Indigenous Arts and Health. The First Nations University of Canada provides an opportunity for students of all nations to learn in an environment of First Nations cultures and values. With the diversity and scope of the First Nations degree programs, the university occupies a unique role in Canadian higher education. The university promotes a high quality of education, research and publication. The First Nations University of Canada is a First Nations’ controlled universitycollege which provides educational opportunities to both First Nations and non-First Nations university students selected from a provincial, national and international base. In May 1976, the Federation of Saskatchewan Indian Nations entered into a federation agreement with the University of Regina, to establish the Saskatchewan Indian Federated College (SIFC). The Agreement provided for an independently administered universitycollege, the mission of which is to serve the academic, cultural and spiritual 32
Since 1983, the university has entered into over twenty-five agreements with Indigenous peoples’ institutions in Canada, South and Central America and Asia and signed agreements with academic institutions in Siberia (Russia), Inner Mongolia (China) and Tanzania. The university has been a member of the Association of Universities and Colleges of Canada (AUCC) since 1994.
fnuniv.ca
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Education, Training, and Research Saskatchewan Polytechnic
Over 40 years ago post-secondary technical/vocational education was established in Regina when the Government of Saskatchewan established the Saskatchewan Institute of Applied Arts and Sciences (SIAAS). That institution later became known as the Saskatchewan Institute of Applied Science and Technology, or SIAST. SIAST was reorganized and renamed as Saskatchewan Polytechnic in 2014. Saskatchewan Polytechnic serves 26,000 distinct students through applied learning opportunities at campuses in Regina and four other cities, and through extensive distance education opportunities. Programs serve every economic and public service sector including construction trades, business administration and accounting, hospitality industry management, and health care careers. reginaroc.com
As a polytechnic, the organization provides the depth of learning appropriate to employer and student need, including certificate, diploma and degree programs, and apprenticeship training. Students receive technical training that offers appropriate credentials in applied fields, including degrees, apprenticeship training, diplomas and certificates. All programs are based on labour market needs. Curriculum is developed through consultation with industry. Applied research partnerships help employers access funding and find solutions to realworld problems.
saskpolytech.ca
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Education, Training, and Research University of Saskatchewan The University of Saskatchewan, in Saskatoon, 230 km from Regina, offers a wide variety of programs and courses: agriculture and bioresources, arts and science, biotechnology, business, dentistry, education, engineering, graduate studies and research, kinesiology, law, medicine, nursing, pharmacy and nutrition, physical therapy and veterinary medicine. In addition, the University’s affiliated colleges and Centre of Continuing and Distance Education offer degree programs, certificates, and training programs. Affiliated colleges allow students to complete the first two years of a Bachelor of Science or Bachelor of Arts degree, and some offer full degrees in Education, Native Studies, and Theology.
Gabriel Dumont Institute of Native Studies and Applied Research The Gabriel Dumont Institute of Native Studies and Applied Research is the educational arm of the Métis Nation of Saskatchewan. The Institute is the only wholly Métis owned and controlled education institution of its kind in Canada.
Saskatchewan Indian Institute of Technologies Saskatchewan Indian Institute of Technologies (SIIT) has been in existence since 1976, offering training and education programs to First Nations adults in Saskatchewan. SIIT’s programming mixture has evolved to include certified technical, vocational, and trade programming.
Regina Trades and Skills This is a new initiative to help develop new skills in the labour market. Students are taught by experienced tradespeople. As a result, employers are hiring entry level workers with a small learning curve, thus spending less time training new employees.
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Education, Training, and Research Innovation Place The 78-acre group of buildings comprising Innovation Place was established in 2000. It emphasizes collaborative university and industry research in the areas of information technology, petroleum, and environmental science, and has produced world-leading research and development projects. Some current tenants include: Information Systems Management Canada Corporation (subsidiary of IBM Canada); the Government of Saskatchewan Information Technology Office (Operations Division); the Petroleum Technology Research Centre; GB Internet Solutions; Titanium Corporation; Greenhouse Gas Technology Centre; Information Services Corporation; Mera Technologies; the Saskatchewan Disease Control Laboratory building, and numerous start-up companies in the IT sector.
Innovation Place is home to approximately 30 tenants in six buildings, employing more than 1,200 people. innovationplace.com/regina
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Utilites SaskPower Owned by the Saskatchewan government, SaskPower operates three coal-fired power stations, seven hydroelectric stations, six natural gas stations, and two wind facilities, generating 3,513 megawatts of electricity. In 2015 SaskPower launched the first commercial-scale carbon capture and storage facility at a coal fired generator in North America. To address future demand SaskPower will add approximately 1,300 MW of capacity to the system by 2017.
SaskEnergy/Trans Gas Also government owned, SaskEnergy delivers natural gas to more than 365,000 residential, farm, commercial, and industrial customers. They purchase natural gas from independent suppliers and transport it through a 68,100 kilometre pipeline system to 93% of Saskatchewan communities. SaskEnergy sets its rate each fall using the forward 12 month price for natural gas, with adjustment in April.
SaskWater SaskWater is a government corporation that helps communities and industry gain access to reliable water supplies and professional water and waste water management services. Currently they serve 63 communities, 81 pipeline groups, seven rural municipalities and 15 industrial end users.
Saskatchewan Turnkey Program To support the province’s booming economy and growth, SaskEnergy, SaskPower and SaskTel, along with local cable providers, have partnered to introduce the Saskatchewan Turnkey Program. The program is a new approach to the design and construction of shallow underground utility services. This process empowers subdivision developers by giving them more control over their schedules and provides timely, cost-effective and coordinated service to residential customers that includes the installation of gas, electric, telephone and cable lines in a common trench.
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Advanced ICT services The Regina CMA has an advanced infrastructure in the ICT (Information and Communications Technology) sector comprised of several active major communications companies.
SaskTel • Largest 4G LTE (Long Term Evolution) network in Canada. 4G LTE is currently available in Regina, including Deer Valley, Lumsden, Pense, Pilot Butte, and White City. • SaskTel 4G wireless network covers over 98% of Saskatchewan’s population.
Rogers Communications • Rogers Communications has GSM/Edge service in most of Saskatchewan–this technology is limited to speeds of 120 kilobits per second, which is only twice the speed of dial-up. • LTE service (75 Mbps) is available for Regina and Saskatoon.
Telus Communications • Telus Communications offers 4G LTE service in both Saskatchewan and Canada. •
The company is planning to expand the network speed to 150Mbps in the near future. Currently, Telus offers a download speed of up to 75 Mbps with expected average speeds of 12–25 Mpbs. Fastest service is in the Regina and Saskatoon regions.
Access Communications • Access Communications is non-profit cable television, internet and phone service co-operative that is Saskatchewan owned and operated. • Access Communications offers several data packages for both residential and commercial users throughout Saskatchewan including the Regina CMA.
Bell Canada • Higher speed service is available in the Regina and Saskatoon regions. • Lower service levels are available throughout the Province.
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About RROC How can we help? At RROC, we are passionate about supporting investors to make the most of the opportunities in our region.
services to immigrant investors under the Saskatchewan Immigrant Nominee Program.
RROC’s Investment Attraction Office provides free, confidential, and customized advice to companies and investors. We are an “investment concierge”, offering business intelligence, path-finding to local resources, and introductions to government agencies as required.
Regina is among the leading metropolitan areas for economic growth in Canada and RROC can connect you to a diverse range of enterprises and new initiatives.
RROC provides direct support to entrepreneurs through its Square One business resource office, and delivers
Contact us Regina Regional Opportunities Commission 1925 Rose Street Regina, SK S4P 3P1 P: 306-789-5099 TF: 1-800-661-5099 F: 306-352-1630 E: info@reginaroc.com reginaroc.com | tourismregina.com
Connect with one of RROC’s knowledgeable specialists to receive additional site selection information, relevant economic data and potential emerging trends in the region. RROC is here to help you succeed.